. . . new economic study produced by leading academic economists that examines the role that development of oil from California’s Monterey Shale Formation can play in the future economic well-being of the state of California.. . . documenting the potential impact of development of the Monterey Shale on job creation, economic activity, personal incomes, and government tax revenues over the next 15 years.
SACRAMENTO — California lawmakers are pushing an alternative to Gov. Jerry Brown’s plan to use new revenue generated by Proposition 39, which changed the corporate tax code when voters approved it in November.
If you want an objective view of energy, ask an economist, who can tell you what to expect to pay at the pump in the coming years, and why, as well as what to expect from medium- and long-term economic growth and what the real drivers will be. These are questions that are crucial to a pending decision by the US government over natural gas exports, and while we know where big oil stands versus its manufacturing rivals—it’s the economist who can set things straight.
WASHINGTON — The Interior Department proposed new rules to regulate hydraulic fracturing for oil and gas on federal land Thursday, drawing criticism from environmentalists that it had weakened an earlier draft to placate industry.
(CNN) — One hundred and sixty-five years ago, in Coloma, California, a carpenter named James W. Marshall built a sawmill to harness the power of the American River. Below the waterwheel, he saw flakes of metal where the spent water flowed. Marshall marked the moment saying, “I have found it.” He had discovered gold in California and more: For the next century, our nation would mine its future in the Golden State.
Last year California voters approved two tax increases aimed at bringing billions more dollars into state coffers. But that hasn’t stopped revenue-hungry lawmakers in the Legislature from seeking further tax hikes. It’s almost as if they think we can tax ourselves into prosperity.
LUDWIGSHAFEN, Germany — The sprawling chemical plant in this city along the Rhine River has been a jewel of Germany’s manufacturing-led economy for more than a century. But the plunging price of natural gas in the United States has European companies setting sail across the Atlantic to stay competitive.
LUDWIGSHAFEN, Germany — The sprawling chemical plant in this city along the Rhine River has been a jewel of Germany’s manufacturing-led economy for more than a century. But the plunging price of natural gas in the United States has European companies setting sail across the Atlantic to stay competitive.
SACRAMENTO — Tapping California’s oil-rich Monterey shale using hydraulic fracturing could boost the state’s economic activity by as much as 14.3% and create hundreds of thousands of jobs, according to a new USC study.
Development of oil-shale deposits through Central California using fracking and other techniques may boost the state’s economic activity by as much as 14.3 percent, a University of Southern California study said.
California’s Monterey shale, which holds an estimated 15 billion barrels of oil, has been touted as crucial to the state’s energy future and a boon to its economy. A study released Thursday tries to quantify the potential economic benefits.
California’s Monterey shale, which holds an estimated 15 billion barrels of oil, has been touted as crucial to the state’s energy future and a boon to its economy. A study released Thursday tries to quantify the potential economic benefits.
After California voters approved a multibillion-dollar increase to sales and income taxes in November to help fund education, Democratic legislative leaders promised restraint, saying they would not be seeking additional tax increases any time soon.
A vast, untapped oil reserve in California is emerging as perhaps one of the state’s best opportunities to improve its still struggling economy, but exploration and production efforts face resistance from the powerful environmental lobby and Gov. Jerry Brown’s administration, which appears not fully sold on the potential.
California’s labor market slowed last month as employers shed 17,500 jobs in December and the unemployment rate remained unchanged.